The Data Dive
Second Order Effects of AI, Secondaries, SaaS Margins, Humanoid Robots, Global Robot Installations, Oil Inventories and Defense Tech Is Booming
Activity is the enemy of investment returns.
— Warren Buffett
AUTOMATION ECONOMICS
Balancing wages, prices, and customer value, Michael Mauboussin examines the second order effects of AI.
Via - Counterpoint Global Insights - AI Beneficiaries: Investing in Second-Order Effects
SECONDARY SURGE
There used to be a stigma against GPs selling shares in companies before an exit (IPO or M&A). But with longer exit timelines, the lack of liquidity is making GP-led secondaries increasingly popular.
Via – Jefferies
MARGIN BENCHMARKS
SaaS Gross Margins by ARR Range.
Via – ICONIQ
ROBOTS
Key Suppliers Powering Humanoid Robotics Chain.
Via - Morgan Stanley
OIL RESERVES
Global commercial oil inventories lower than in previous years.
Via –
DEFENSE BOOM
AI defense tech funding and mentions surge.
Via - CB Insights
AUTOMATION
China has ~1.75 million industrial robots on factory floors, more than any other country. 51% of global annual installations are in China as of 2023.
Via - IFR